Question:
Hi,
We recently established our HOA and would like to know what are the regular expenses from the HOA account, so we can setup payments with these pay-to parties accordingly.
Thank you.
– Roa
Answer:
Hi Roa,
Your regular HOA expenses may include the following:
1. Payments to vendors for the repairs and maintenance of common areas/facilities like roads, pools, clubhouses, stairways, parks, etc.
2. Utilities and services like garbage collection, pest control, water/sewage, common area electricity, etc.
3. Landscaping services for the community’s common areas
4. HOA insurance policies
5. Taxes, if any
6. Payment to HOA management companies/HOA managers if you have a contract with one
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
